Vidzeme Regional Court orders Squalio Group to pay €2.3 million over bribery in Belarus
On appeal, the Vidzeme Regional Court in Latvia has imposed a coercive measure and a €2.3 million monetary recovery on the company Squalio Group. The company is accused of bribing a Belarusian official in 2015.
The Vidzeme Regional Court in Latvia, ruling as an appeal instance, has delivered its verdict against the company Squalio Group. The court imposed a coercive measure on the company and ordered a monetary recovery of €2.3 million. The case concerns the bribery of a foreign official.
According to the accusation, an employee linked to the company bribed an official in Belarus in 2015. The company is charged as a legal entity, and the sanctions were imposed on it.
The ruling is not final
The company has said it will appeal the verdict.
Why the case stands out
The case can already be called historic to some extent. It is one of five cases in Latvian history in which the bribery of foreign officials is being investigated or has already been uncovered.
